Flame Retardants Market Segmentation:
End-user Segment Analysis
The global flame retardants market is segmented and analyzed for demand and supply by end-use industry into building & construction and electronics & appliances. Out of the two types of flame retardants, the electronics & appliances segment is estimated to gain the largest market share of about 34% in the year 2035. The growth of the segment can be attributed to the growing demand for computers, tablets, smartphones, and other new electronics in order to prevent any chemicals from reaching the environment or affecting consumers' health through the use of flame retarders while they are being manufactured. This is estimated to contribute to the growth of the market in the forecast period. India's domestic electronics production grew by more than 23% from $29 billion to $81.5 billion with a compound annual growth rate of 23 %. In the global market for flame retardants, this may lead to an increase in the electronics segment.
Type Segment Analysis
The flame retardants market is also segmented and analyzed for demand and supply by type into aluminum trihydrate, antimony oxide, and brominated. Amongst these three segments, the aluminum trihydrate segment is expected to garner a significant share in the year 2035. In order to minimize the flames' intensity, ATH is formed by releasing water molecules through an endothermic reaction. When using ATH, because it does not release toxic smoke during the burning process, it is preferred over halogen compounds. Demand for ATH compounds will increase as a result of the reduced impact on the environment and stringent legislation governing the use of halogens, which will help to make this part one of the main segments in the forecast period.
The combustibility and flammability of the products in which they are contained are reduced by Brominated compounds. In clothing, electronics, and furniture, these compounds are the most effective. The market is expected to be driven by the increasing demand for brominated compounds in the Asia Pacific. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global flame retardants market includes the following segments:
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By Type |
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By Application |
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By End Use Industry |
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